Bitcoin (Bitcoin) Hovers Near Record After Topping $125,000 on Sunday

Bitcoin set a fresh record on Sunday for the first time since mid-August, as the US government shutdown drove investors to safe-haven assets in a migration dubbed the “debasement trade.”

The largest digital asset climbed to $125,689 over the weekend, according to data compiled by Bloomberg. It remained in touching distance of its all-time high on Monday in New York, changing hands at about $125,000.